Rusty Russell on Nostr: No, the gold mining analogy is a good one: you have to do real work, and the results ...

No, the gold mining analogy is a good one: you have to do real work, and the results diminish over time as easier deposits get extracted.

You're over-thinking it because that of course is not quite right, but that's the nature of analogy.

But most importantly, this is an abberation: the final state of Bitcoin matches neither the mined nor the discovered analogy. It's all block space market.